The post Best Crypto to Buy Today: UFC Champion Alex Pereira New BDAG Ambassador | BTC and ETH ETF Hype appeared on BitcoinEthereumNews.com.

Bitcoin & Ethereum ETF Hype Rises But BlockDAG Cruises As UFC Champion Alex Pereira Signs as Brand Ambassador After a period of volatility, Bitcoin and Ethereum are making strong recoveries. Bitcoin has regained the $58,000 mark, and Ethereum is boosted by news of Ethereum ETF approvals. Amid these developments, BlockDAG, a Layer 1 project with a stellar presale, has attracted significant inflows. Its recent partnership with UFC champion Alex Pereira has also boosted its visibility. The presale has surged to more than $58.9 million, reflecting growing investor interest.  For those seeking the best crypto to buy today, considering Bitcoin price prediction and the impact of Ethereum ETFs, BlockDAG stands out with its long-term potential. Bitcoin’s Current Market and Price Predictions Bitcoin (BTC) recently breached its weekly support level of $58,375 on Thursday. By Friday, it traded 2.8% lower at $55,314. Earlier in the week, Bitcoin faced resistance at the daily level of $63,956 on Monday, leading to a 9.2% decline over the next three days. The drop below crucial support thresholds indicates potential further downtrends. If Bitcoin closes below its May 1 low of $58.9,522, it could decline by 7.3% to revisit its daily support at $52,266. Indicators like the Relative Strength Index (RSI) and the Awesome Oscillator (AO) support this bearish outlook. However, a close above $63,956 could trigger a 5% rise, offering a more optimistic Bitcoin price prediction. Ethereum’s Market Outlook and ETF Impact The anticipated launch of the Ethereum ETF has created buzz in the market. Bloomberg ETF analyst James Seyffart predicted that spot Ethereum ETFs could launch around mid-July, although he expressed low confidence in the exact date. This prediction follows Bitwise’s amendment to its spot Ethereum ETF application, which included a six-month fee waiver for the first $500 million in assets. The SEC’s Division of…

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Filed under: News - @ July 17, 2024 8:20 pm